Solution enables Gateway to expand indirect lending services to independent auto dealers across the US
Wolters Kluwer Financial Services announced today that Gateway One Lending & Finance has joined the company’s AppOne platform, which automates the indirect lending, credit approval and compliance processes for lenders and the auto, RV, marine and powersports dealers they work with.
Gateway One provides indirect auto lending for a broad spectrum of consumer credit. AppOne will help Gateway expand its indirect lending services to independent auto dealers across the United States. AppOne’s proprietary dealer underwriting and scoring system helps lenders evaluate the level of risk associated with each dealer relationship. AppOne also integrates Wolters Kluwer Financial Services’ Bankers Systems motor vehicle retail installment contracts, which help ensure vehicle loan documentation is accurate and compliant. The documents are maintained by the company’s compliance experts who monitor legislative and regulatory changes affecting the indirect lending finance industry in 51 U.S. jurisdictions, and are protected by a limited compliance warranty.
“Working with Wolters Kluwer Financial Services will provide us instant access to the AppOne network of independent dealers—a key customer segment for our growing business,” said Todd Pierson, COO at Gateway One Lending & Finance. “This will help us reach more dealerships and introduce them to the competitive financing we provide.”
“As Gateway One expands its reach nationally, AppOne is uniquely positioned to support its growth efforts by connecting Gateway with independent dealers and helping the company mitigate risk,” said Lee Domingue, CEO of Indirect Lending at Wolters Kluwer Financial Services. “At the same time, this relationship provides our dealer customers with access to a strong lender in the prime and near-prime markets.”
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with offices in more than 20 countries and is the world’s largest compliance and risk management business focused on financial services, with more than 15,000 banking, insurance and securities customers across the globe.